You are valuing a technology company whose enterprise value is $80o million. The company has no debt but considerable employee options, 10 million in total. Based on option-pricing models, you value each option at $6.67. Assume the average strike price equals $15. If the company has 40 million shares outstanding, what is the company's equity value and value per share using (a) the option-pricing model and (b) the exercise value approach? Why is the option-pricing model the preferred method